Erste Asset Management GmbH Sells 3,500 Shares of Extra Space Storage Inc $EXR

Erste Asset Management GmbH trimmed its position in shares of Extra Space Storage Inc (NYSE:EXR) by 41.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,900 shares of the real estate investment trust’s stock after selling 3,500 shares during the period. Erste Asset Management GmbH’s holdings in Extra Space Storage were worth $693,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EXR. Vanguard Group Inc. boosted its position in shares of Extra Space Storage by 0.5% during the third quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust’s stock valued at $4,852,680,000 after buying an additional 161,171 shares during the period. State Street Corp raised its holdings in shares of Extra Space Storage by 1.6% in the second quarter. State Street Corp now owns 13,680,181 shares of the real estate investment trust’s stock worth $2,017,006,000 after buying an additional 210,466 shares during the period. Norges Bank bought a new stake in shares of Extra Space Storage during the 2nd quarter worth approximately $1,058,303,000. Principal Financial Group Inc. boosted its holdings in Extra Space Storage by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock valued at $946,540,000 after acquiring an additional 406,146 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Extra Space Storage by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,795,253 shares of the real estate investment trust’s stock valued at $851,070,000 after acquiring an additional 100,637 shares during the period. Institutional investors own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EXR shares. UBS Group lowered their target price on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Evercore reiterated a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Bank of America cut shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price objective for the company. in a research report on Thursday, February 5th. Truist Financial raised their target price on shares of Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Finally, Royal Bank Of Canada lifted their price target on shares of Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Extra Space Storage has a consensus rating of “Hold” and a consensus target price of $145.13.

Extra Space Storage Trading Up 2.2%

NYSE:EXR opened at $150.93 on Monday. The stock has a market capitalization of $31.87 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 3.04 and a beta of 1.24. Extra Space Storage Inc has a 52 week low of $121.03 and a 52 week high of $160.58. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $140.29 and a 200 day moving average of $139.31.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.05. The business had revenue of $857.47 million for the quarter, compared to analyst estimates of $732.92 million. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, sell-side analysts anticipate that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, March 16th. Extra Space Storage’s dividend payout ratio is currently 140.87%.

Extra Space Storage Company Profile

Extra Space Storage (NYSE: EXR) is a real estate investment trust that specializes in the ownership, development and operation of self-storage properties. The company provides storage solutions for residential and commercial customers, offering a range of unit sizes, climate-controlled units and specialized options such as vehicle and boat storage. Extra Space Storage markets itself as a customer-focused operator, with online rentals, contactless move-in options and ancillary retail products like packing supplies and insurance to support tenant needs.

Its business model combines property ownership with third-party management and development activities.